SHANGHAI--China's central bank has pumped more cash into the financial system for the seventh consecutive week, aiming
to ease a potential fund shortage ahead of the Lunar New Year holiday later this month.
The People's Bank of China will inject a net 90 billion yuan ($14.41 billion) from the banking system this week
through its regular open-market operations, traders participating in the operation said Thursday.
The central bank is offering 30 billion yuan of 28-day reverse repurchase agreements, a short-term loan to commercial
lenders, in its Thursday open-market operation, they said.
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